Economics
U.S. Stocks Rise After Two-Day Drop on Confidence Data
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U.S. stocks advanced for the first time in three days as commodity and health-care shares rallied and economic data showed consumer confidence at a six-year high.
International Business Machines Corp., Cisco Systems Inc. and Johnson & Johnson rallied more than 2.2 percent, leading gains in the Dow Jones Industrial Average. Health-care companies rose 0.8 percent as biotechnology stocks halted a four-day slump. Freeport-McMoRan Copper & Gold Inc. rose 1.5 percent as copper prices increased. Carnival Corp. slid 5 percent after it narrowed its full-year profit forecast.